808,461 Shares in Extreme Networks, Inc. $EXTR Bought by SEB Asset Management AB

SEB Asset Management AB acquired a new stake in shares of Extreme Networks, Inc. (NASDAQ:EXTR) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 808,461 shares of the technology company’s stock, valued at approximately $12,192,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Alyeska Investment Group L.P. grew its stake in shares of Extreme Networks by 301.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,971,718 shares of the technology company’s stock worth $49,479,000 after acquiring an additional 2,232,373 shares in the last quarter. Jain Global LLC purchased a new position in Extreme Networks during the fourth quarter worth about $17,361,000. Millennium Management LLC boosted its holdings in Extreme Networks by 163.0% during the first quarter. Millennium Management LLC now owns 1,260,362 shares of the technology company’s stock worth $16,675,000 after purchasing an additional 781,103 shares during the last quarter. Southernsun Asset Management LLC grew its position in Extreme Networks by 46.9% in the 4th quarter. Southernsun Asset Management LLC now owns 1,970,886 shares of the technology company’s stock worth $32,815,000 after purchasing an additional 629,486 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Extreme Networks in the 2nd quarter worth about $11,265,000. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insiders Place Their Bets

In other news, insider Katayoun Motiey sold 30,000 shares of Extreme Networks stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $31.03, for a total transaction of $930,900.00. Following the sale, the insider owned 120,834 shares of the company’s stock, valued at approximately $3,749,479.02. The trade was a 19.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin R. Rhodes sold 35,000 shares of Extreme Networks stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.43, for a total value of $1,065,050.00. Following the sale, the chief financial officer directly owned 151,296 shares in the company, valued at approximately $4,603,937.28. The trade was a 18.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 592,182 shares of company stock valued at $15,423,978 over the last three months. Company insiders own 3.60% of the company’s stock.

Extreme Networks Trading Down 0.2%

EXTR stock opened at $30.28 on Tuesday. The company has a market capitalization of $3.96 billion, a PE ratio of 252.33, a price-to-earnings-growth ratio of 1.86 and a beta of 1.77. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.78 and a current ratio of 0.91. Extreme Networks, Inc. has a one year low of $13.48 and a one year high of $33.73. The company’s 50 day moving average price is $29.11 and its two-hundred day moving average price is $20.66.

Extreme Networks (NASDAQ:EXTR) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $316.87 million during the quarter, compared to analyst estimates of $311.48 million. Extreme Networks had a net margin of 1.30% and a return on equity of 81.88%. The company’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Extreme Networks has set its Q4 2026 guidance at 0.280-0.300 EPS. As a group, analysts predict that Extreme Networks, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. B. Riley Financial reissued a “buy” rating on shares of Extreme Networks in a research report on Thursday, April 30th. Weiss Ratings raised shares of Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. Rosenblatt Securities raised their price objective on shares of Extreme Networks from $29.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. UBS Group set a $28.00 price objective on shares of Extreme Networks in a research note on Thursday, April 30th. Finally, Lake Street Capital boosted their target price on shares of Extreme Networks from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.83.

Extreme Networks Company Profile

Extreme Networks, Inc (NASDAQ: EXTR) is a global provider of end-to-end networking solutions designed to support enterprise, data center, and service provider environments. The company’s product portfolio encompasses high-performance wired and wireless access switches, routers, network security appliances, and software-defined networking (SDN) tools. Driven by a cloud-native management architecture, Extreme’s Intelligent Edge Platform integrates network analytics, automation and orchestration capabilities to help organizations optimize performance, reduce operational complexity and strengthen security.

Since its founding in the mid-1990s and subsequent public listing in 1999, Extreme Networks has expanded its technology footprint through targeted acquisitions.